Winston-Salem to Financially Support Two Affordable Housing Initiatives

Posted By: Jon Lowder Blog,

The Winston-Salem City Council voted 7-1 to financially support two affordable housing initiatives in the city. The City Council's Finance Committee endorsed the proposal last week, and sent it to the full Council for consideration at last night's (Nov 16, 2020) meeting. Here's some background from the Winston-Salem Journal's coverage of the Finance Committee's meeting:

The Finance Committee of the Winston-Salem City Council has endorsed proposals that would have the city spend $1.35 million in support of two apartment developments that include affordable housing.

One apartment project involves the renovation of two buildings on the eastern end of the Whitaker Park complex.

The other involves the construction of Essex Place, which would be built off Kester Mill Road in western Winston-Salem. 

At Whitaker Park, the two old buildings would be renovated to become Whitaker Park Lofts and contain 163 apartment units, with 16 of the units set aside for people with incomes in a range above and below the area median income.

Essex Place would consist of 48 units with rents set entirely in the range of affordability for people whose incomes are 30% to 60% of area median income.